Dividend shares offer ASX investors the opportunity to earn a decent income, with the added potential of capital appreciation courtesy of a rising share price.
Here are two ASX dividend shares that are growing nicely, and are paying fully franked dividends.
The Inghams Group Ltd (ASX:ING) share price took a tumble recently after the chicken processor said that chief executive Mick McMahon will step down after four years at the helm.
In February, Inghams reported first half underlying earnings increased by 15 per cent on poultry volumes up 2.8 per cent. A fully franked interim dividend of 9.5 cents per share was declared.
Inghams says there is a strong underlying demand for poultry, supported by a shift in consumer preferences towards healthier and more affordable forms of protein.
New fund manager Firetrail likes the company, saying in an AFR article they thought Inghams shares were very cheap and the earnings are quite robust. Firetrail rated management very highly, although it should be noted that was before the news of the forthcoming change in CEO.
At $3.75, Inghams shares trade on a fully franked dividend yield of 5.1 per cent, or 7.2 per cent when grossed up for franking credits.
The Nine Entertainment Co Holdings Ltd (ASX:NEC) share price is up 80 per cent over the past 12 months, making it one of the top ASX 200 performers.
Nine Entertainment is in an upgrade cycle, with strong ratings momentum coupled with excellent progress on premium and digital TV having the potential of driving earnings upgrades into the future.
The top performing QVG Opportunities Fund recently said traditional media was one of its favoured sectors, with Nine Entertainment still amongst the fund’s top 5 holdings.
At $2.46, Nine Entertainment shares trade on a fully franked dividend yield of 4.1 per cent, or 5.8 per cent when grossed up for franking credits.